Aegon Asset Management managing director Russell Hogan is stepping down to pursue other interests outside fund management such as taking a theology degree. He will relinquish control of AAM some time next year but will stay within the Aegon group to follow a more strategic role. A successor will be announced in the next few weeks. AAM recently poached Standard Life's head of global equities Wendy Hay to be chief investment officer.
Worsening news of the NHS's ability to cope with the number of patients wanting treatment means consumer interest in the various types of PMI products is likely to increase. Consumers are not alone in their interest. The Government itself is now on record as saying that public and private sectors should work together to provide […]
The FSA has accepted that consumers want past performance information in advertisements, in its response to recommendations made by a task force it set up to look into the issue.The FSA says it will introduce new rules to make sure that past performance is not the main message in advertisements and will consult further on […]
CIS is moving in to the intermediary market for the first time by offering its range of defined-contribution pensions through IFAs. The company, which has until now operated solely through its direct salesforce, will develop a business arm to distribute corporate pensions through employee benefits consultants. Initially, the group stakeholder and AVCs market have been […]
The Scottish flexible mortgage from the Scottish Building Society is aimed at borrowers who want to buy a new home in Scotland.The mortgage is available for loans of up to 90 per cent of the value of the property, with Scottish Building Society giving the mortgage a 2 per cent discount for the first six […]
Earlier this year, Jelf Employee Benefits mentioned that the then minister for pensions was openly discussing the need for an increase in the minimum level of auto-enrolment pension contributions.
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Offsetting the cost of advice this way would benefit clients and advisers alike One of the multiple barriers to better take-up of financial advice is that some people are unwilling or unable to meet the upfront cost. In response to this, the government has allowed people to take small chunks (three lots of £500) out […]
Fund managers like to trade off having a unique style. There thousands of funds out there to choose from – the question I often hear from advisers is: what makes this person different? Sometimes this can be a really tough one to answer. “We invest for the long term” is all fine and good, but […]
With rising costs and an increasingly tough regulatory market more advisers are looking to outsource their investment proposition, with many leaning towards discretionary fund managers. But while the number of advisers using DFMs is on the up, overall satisfaction with them has dipped. According to a recent survey by financial information firm Defaqto, 74 per […]